Appointment
For all insolvency processes (whether voluntary or compulsory), the specialised judge appoints an Insolvency Administration made up of three people: namely, a lawyer (with at least five years’ experience), an accountant or economist with the same minimum experience and one of the ordinary or generally privileged creditors (or representatives). There are two different types of appointments within the new Spanish insolvency legislation but the same types of IP are appointed, although they could have different functions in the compulsory process and voluntary process.
